[Changpeng Zhao Denies Allegations of Binance Using Stablecoin Deposits to Transfer Benefits to the Trump Family] Cryptocurrency researcher FatMan posted on the X platform, claiming that Binance deposited $2 billion into stablecoins issued by WLFI, generating annual interest of $80 million to $87 million. Since the Trump family is entitled to approximately 60% of WLFI's profits, FatMan speculated that Binance would need to pay the Trump family $48 million to $52 million in interest annually, describing this as an 'open wealth transfer.' In response, Changpeng Zhao shared comments from crypto lawyer Teresa Goody Guillén, emphasizing that holding or using an asset does not equate to investing in its issuer, refuting the logic behind the allegations. Additionally, Changpeng Zhao stated that Binance has converted many of the stablecoins it received, asserting that the accusations lack basis.
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More >In the live broadcast of Three Kingdoms College: CPI is coming, the market first rises and then falls. Can BTC break through the 120000 mark?
Click on the link to join the meeting directly: https://meeting.tencent.com/p/7890471408 Last week, it was predicted that BTC would fall to the 100000 mark and reach around 106000 What are the impacts of tonight's 20.30 CPI data on the overall market, as follows: The impact of the US CPI on financial markets is mainly guided by expectations and transmitted through asset valuation logic, specifically reflected in three major markets: 1. Stock market: The trend of CPI is directly related to the expected profitability of enterprises. A moderate increase (such as 2% -3%) usually reflects the health of the economy, and the rebound in demand helps boost corporate profit growth, providing support for the stock market; If inflation continues to rise rapidly, it will push up material and labor costs, compress profit margins in industries such as manufacturing and retail, and coupled with the possibility of the Federal Reserve raising interest rates to suppress valuations, making stock prices vulnerable to pressure. Higher than expected CPI data may also overturn expectations of interest rate cuts and impact high valuation sectors such as technology stocks. 2. Bond market: As an interest rate sensitive market, CPI is inversely correlated with the bond market. Rising inflation reduces the actual purchasing power of fixed coupon rate bonds, leading investors to demand higher yields and resulting in a decline in stock bond prices. Core products such as 10-year US Treasury bonds are more significantly affected by it, and CPI exceeding expectations may trigger a jump in yields, directly impacting bond market gains. 3. Foreign exchange and precious metal markets: CPI affects the US dollar exchange rate through monetary policy expectations. If the US CPI growth rate is faster than other countries, inflation weakens the purchasing power of the US dollar, and the exchange rate is prone to weaken; On the contrary, it enhances the attractiveness of the US dollar. Meanwhile, CPI exceeding expectations will weaken expectations of interest rate cuts, boost the US dollar, and suppress gold prices; If the data is lower than expected, the demand for safe haven and anti inflation will drive gold to rise. How will the cryptocurrency industry go? Technical Analysis Last week, BTC closed below the mid track and rebounded around 10w, but did not fall below the daily bottom for the second time. There is demand for a rebound within four hours, and it is expected to rise again and fall below 10w. Let's wait and see! ETH did not break through the mid track of the weekly closing line last week, rebounded 4300 and continued to fall back. The weekly line fell directly to around 3600 on the mid track. Currently, the mid track of the weekly line is still supported, and if it breaks, we will look at the lower tracks of 2800 and 2200. So, how do we proceed next? Teacher Zhao Yun, who has 9 years of practical trading experience in the cryptocurrency industry, will provide a detailed breakdown for everyone. Welcome to the live broadcast room to check in! Join the Three Kingdoms College Exchange Group to receive more services: 1. Real time troubleshooting (online one-on-one question answering and sorting) 2. Professional technical analysis and theoretical learning 3. Construction and improvement of trading system 4. Live streaming courses every day, contract termination, real-time order making, to help you successfully land! Official QQ group: 579358784 Tencent Meeting ID: 789-047-1408 The live broadcast room will be broken down in detail. Disclaimer: The above content only represents the author's personal opinion and is intended to assist investors in understanding information related to the capital market. It does not constitute any investment advice and does not represent the position or viewpoint of AiCoin. The market is risky and investments should be made with caution.
BTC breaks through the $112000 mark
OKX-BTC/USDT is currently trading at $112043.20, with a 5-minute increase of 0.50%. Please be aware of market fluctuations.
ETH breaks through the $4000 mark
OKX-ETH/USDT is currently trading at $4000.40, with a 5-minute increase of 0.09%. Please be aware of market fluctuations.
BTC main force movement: Large selling orders continue to be suppressed, alert to short-term pullback risks
According to the large transaction data in the past 12 hours, the net outflow of the main force reached $23.85 million, and the total selling amount was four times that of buying, indicating a clear intention to short. Especially two large market price sell orders exceeding $5 million directly suppressed the price, forming a strong bearish signal. Combined with the K-line pattern, the emergence of a 2-hour cycle top pattern and a flat top pattern further confirms the short-term downward pressure. The current trading volume is extremely shrinking, and the KDJ indicator is converging in the overbought area, showing signs of weak rebound. Although the EMA moving average is still in a bullish position, we need to be cautious of the impact of large sell orders on the support level in the short term. Open membership to unlock large transaction indicators, accurately track main trends, and seize market turning points! The data is sourced from the PRO member's [BTC/USDT Binance 2-hour] candlestick, for reference only, and does not constitute any investment advice.
The main force lacks confidence in the future market
HTX-BTC perpetual contract is now reported at $111227.6. According to market contract position analysis, the main force lacks confidence in the future market, and the price may fall. Please hold positions reasonably and control risks